India exports less to China (mainly raw materials) and imports more (mainly electronics and other manufactured goods which are in high demand). India’s pharma sector has critical dependence on Chinese imports used in drugs manufacturing.

China’s exports to India account for only 2 per cent of its total exports. So even if Indians boycott all the goods imported from China, it will not make as big an impact on China as to bring it to its knees before India.

Of course, China needs new markets for its manufactured goods, and India is one of those new markets where its electronic goods, especially smartphones, have found a large market. But China can find markets in other Asian countries and even in Africa. It is also trying to create a market for its good in Europe. It is in no way dependent on India.